It takes the average reader 1 hour and 1 minute to read Trust What You Hear: Policy Communication, Expectations, and Fiscal Credibility by Mr. Nicolas End
Assuming a reading speed of 250 words per minute. Learn more
How do policy communications on future f iscal targets af fect market expectations and beliefs about the future conduct of f iscal policy? In this paper, we develop indicators of f iscal credibility that quantify the degree to which policy announcements anchor expectations, based on the deviation of private expectations f rom official targets, for 41 countries. We find that policy announcements partly re-anchor expectations and that f iscal rules and strong fiscal institutions, as well as a good policy track record, contribute to magnifying this effect, thereby improving fiscal credibility. Conversely, empirical analysis suggests that markets reward credibility with more favorable sovereign financing conditions.
Trust What You Hear: Policy Communication, Expectations, and Fiscal Credibility by Mr. Nicolas End is 59 pages long, and a total of 15,281 words.
This makes it 20% the length of the average book. It also has 19% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 23 minutes to read Trust What You Hear: Policy Communication, Expectations, and Fiscal Credibility aloud.
Trust What You Hear: Policy Communication, Expectations, and Fiscal Credibility is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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